Profile: Exterran Partners LP (EXLP.O)
14 Mar 2014
Exterran Partners, L.P. provides natural gas contract operations services to customers throughout the United States. The Company engaged in acquiring certain contract operations customer service agreements and a compressor fleet used to provide compression services under those agreements. Exterran General Partner, L.P., its general partner, is an indirect, wholly owned subsidiary of Exterran Holdings, Inc. (Exterran Holdings). Exterran GP LLC, is the general partner of Exterran General Partner, L.P., which conducts the Company’s business and operations. As of December 31, 2011, Exterran Holdings owned 35% interest in the Company. In April 2013, the Company has completed the acquisition of compression assets from Exterran Holdings.
In March 2012, the Company acquired compression and processing assets from Exterran Holdings, Inc. In June 2011, it acquired from Exterran Holdings contract operations customer service agreements with 34 customers and a fleet of 407 compressor units used to provide compression services under those agreements, consisted of approximately 289,000 horsepower of the combined the United Sates contract operations business of Exterran Holdings and it (the June 2011 Contract Operations Acquisition). In addition, the acquired assets included 207 compressor units, consists of approximately 98,000 horsepower previously leased from Exterran Holdings to the Company, and a natural gas processing plant with a capacity of 8 million cubic feet per day used to provide processing services pursuant to a long-term services agreement.
The Company provides contract operations services, which include its provision at the customer’s location of the personnel, equipment, tools, materials and supplies necessary to provide the amount of natural gas compression for, which the customer has contracted. These services include designing, sourcing, owning, installing, operating, servicing, repairing and maintaining equipment to provide compression and other services to its customers. The Company also monitors its customers’ compression services requirements over time. It utilizes both slow and high speed reciprocating compressors driven either by internal natural gas fired combustion engines or electric motors.
The Company also utilizes rotary screw compressors for some applications. The Company and its customers contract for its contract operations services on a site-by-site basis. In Addition, it owns and operates a natural gas processing plant with a capacity of 8 million cubic feet per day used to provide processing services pursuant to a long-term services agreement. As of December 31, 2011, the Company’s fleet consisted of 4,434 compressors.
Exterran Partners LP
16666 Northchase Drive
HOUSTON TX 77060